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to the moms. >> let's send it out to becky worley who does our mom tester pieces. becky, good morning to you. >> good morning. do you dare? do you dare give the gift of an infomercial. if you do, you probably should do your home work. that's where our team of mom testers comes in. this holiday season, get the mom the gift that you know she'll love. the gift of -- mom testers. >> are you ready? >> three new moms. all "good morning america" viewers. >> thank you for watching. >> and three new as seen on tv products that promise -- >> to make our days merry and bright. >> amazing. >> reporter: will these gifts find a place under the christmas tree or get dumped out with the cold? lets meet our moms. from south orange, new jersey, julia haubner smith, mom of three girls. and cindy christopher from florida. and amy schroeder, mom of four. a tool to help clean up those holiday messes. meet the sticky buddy. >> it has the power of glue without the goo. the sticky buddy game cindy's new best friend. >> i love this thing. >> reporter: but amy didn't get quite as detached. >> there's still stuff there
>>> good morning. welcome to "squawk box." i'm becky quick with joe kernen. andrew is off this week. we have two guest hosts with us. welcome to both of you you. we have a lot of things to talk about. the white house says that a republican counteroffer does not meet the test of balance. the latest republican offer would overhaul the tax code and raise $800 billion in new revenue, it would also seek $600 billion in health savings and $200 billion for revising the cost of living increases for social security. the net savings would add up to $2.2 trillion over ten years. now, again, this is the republican counterproposal to the plan that the white house has already put out. speaker john boehner has said that this is something that is much closer to the bowles-simpson proposal. erskine bowles saying the gop offer does not represent the plan, he says both sides are kind of far away from it at this point and that it's now up to negotiators to figure out where the middle ground is today. >> bowles said that the mid point that i used back in -- this is where we were last year. so used the m
. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen. andrew ross sorkin is out today. he'll be back tomorrow. president obama and speaker boehner are not commenting about their meeting yesterday, but me members of the parties are continuing the public debate about taxes, spending and the fiscal cliff. republicans want a melt on xwiemtment and tax reform from the president. democrats insist this will not happen until the gop agrees on a tax hike. senator dick durbin saying no deal on the debt without a tax hike of the wealthy. >> i can't tell you, i don't want to do it, the president doesn't want to do it, but we need to solve the problem been we cannot allow the reckless position to drive this economy into another recession. >> some suggesting that it might be better to cave to the president now on taxes and keep up the fight on spending. >> if we were to pass, for instance, raising the top two rate and that's it, all of a sudden we do have the leverage of the debt ceiling and we haven't given that up. >> meantime, one influential voice says enough is enough. >>
, becky worley will be here to tell us the secret places you can find great gifts at great deals. even tomorrow, she claims you can get a gift, if you're the ultimate procrastinator. >>> and a brand new take on a christmas classic. you may have heard it a thousand times before in your life, but you've never heard it like this. our star-studded version of "'twas the night before christmas." >> some of the biggest names helping us out with that classic. it really put us in a great holiday mood this morning. >>> i will tell you, one of my favorite gifts of the year, being there when sam and rubem got married on friday night. just a beautiful moment. beautiful. there's a shot. it was very intimate, very special, very heart-felt. and robin roberts looked so good. >> stunning in red. >> and she delivered one of the most special moments. >> she read a beautiful poem. it was wonderful. thank you. >> congratulations, sam and rubem. >> very happy for you. >> sam, i just -- i just got you a little something. >> a last-minute wedding gift, a potato. >> he baked it first. >> sam, while you compose
morning with all of you. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. we are one step closer to the cliff and still no deal. you could say we've taken a huge step backwards at this point. we will be joined to talk about why plan b, that bill didn't make it to the house and what the next step is. coming at 6:40 eastern time, red hat has been red hot. that company reporting quarterly results and we have the ceo. at 7:00 a.m. eastern time, we will welcome our guest host, roger altman and barry knapp. we have thorsten heins joining us, as well. >> our big story of the morning, it could be a tense days for the markets as the resolution to the physical cliff appears less likely. we can see the futures opening at least 150 off if things keep up the way they are. house speaker john boehner failing to mount enough support for his plan b that would raise taxes only on families earning more than $1 million. the president vowing he will press ahead with congress to get a deal done. >> he wasn't going to do it, anyway. what does he mean it wi
morning, everyone. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. our guest host this hour is julia sed. fiscal cliff negotiations, our top story. now president obama is proposing leaving lower tax rates in place for everyone except those earning $400,000 and above. that's above the $250,000 threshold that the president has been demanding for months, but it is still far from speaker john boehner's request of $1 million. a source familiar with the talk says this is by no means the final offer for the white house. the move by the president was welcomed, albeit with some reservations. we will talk about the latest developments in just a few minutes. in the meantime, the global markets seem to be taking note of the optimism. you can see right now that those dow futures are up by 54 points. this comes after a decent rally for the markets yesterday. s&p futures at this point are up by better than seven points and the nasdaq futures up, as well, by about 17. european shares rising. germany is up, the ftse is up, the france, the cac in france h
in the household, payouts to dividends, acceleration into this year. >> becky and jim, who have been doing amazing work on capitol hill, did talk to grover norquist, a bit of a rematch after cramer's appearance a couple of weeks ago with grover norquist. >> obama personally moved it out two years, because he didn't want to raise taxes and damage the economy, because he said the economy was weak. the economy's not strong now. so the argument to raise taxes now is not any better than it was two years ago. i think there's a real danger we could end up with some damaging tax increases, and nothing to show for it. >> jim, quick reaction to that exchange between you and grover? >> there was a lot of positives here. grover wants to put cameras in the room. when i cover the florida legislature, how many years ago was that, they put cameras in the room. you know what happened, a lot of people started making a lot of sense. so i think that grover makes some good points, because you wouldn't get this kind of rancor. >> jim, good to have you down there. we need you down there today. we want to draw your atten
on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. andrew, welcome back. i hope you're feeling better. >> thank you. i had a little bit of a stomach bug. >> we're all a little sick around the table here. >> i know. it's a little -- i feel like weak, you know when your bones feel a little something? you had that, joe, two weeks ago, right? >> exactly what you had. you didn't -- you remember -- i remember bridesmaids, right? i'm not sure what all that came out of. i had both going. you didn't have both going? you are the just -- you were hurling. >> i was, i was. in the middle of the night. i had to send an e-mail to the producers. >> it's very weird. it's not even a 24-hour thing. >> no, i will say it was going by when the show was still going on. >> we have a pro gun advocate on. >> you didn't throw up when -- okay. >> by the way, a viewer has offered to take me shooting in new jersey at a shooting club. >> i saw a lot of stuff. >> i'm taking him up on it. but we have news to get him up to. >> some people hold that second amendment thing, they actually think it means
for their school. toaster strudel. the one kids want to eat. mom, pop it. ♪ two inches apart, becky. two inches. t-minus nine minutes. [ ding ] [ female announcer ] pillsbury cinnamon rolls. let the making begin. ♪ >>> let the count down begin 2013 is less than 24 hours away now and preparation in new york city is in full swing. yesterday workers tested the iconic crystal ball that will drop at midnight. the ball has more than 32,000 lights and nearly 33,000 crystals. thousands of people are expected to flock to the big apple for this big day. the nypd will have beefed up police presence. >>> now, we asked our facebook fans what their hopes are for 2013 and here are some of the responses. bruce says lots of health to enjoy my years for years and years. nothing like being able to open your eyes and see them. that's a good one. >> jesse writes i hope i can continue to stay dedicated to growing as a person to make my corner of the world a little better through my efforts. share your goals on our facebook page. search fox 5 morning news. >> there you go. let's check in with tucker barns now. and bef
" here on cnbc. i'm andrew ross sorkin along with joe kernen. becky quick is out today. our guest host this hour, rebecca patterson and peter. check out today's lineup. it is a biggie. we have an exclusive interview with dallas fed pet jrichard fibber. and the interview of the morning you do not want to miss. it is a crazy story we've been talking about for the past two weeks. john mcafee will be joining us live on camera at 8:40 a.m. eastern. we're going to get the latest chapter in this mystery that has murder, mayhem and suspension. his life is the movie of the week, if you will, and we will have it live right here at 8:40. please, do not miss that. let's get you caught up on some of the other headlines this morning. house speaker john boehner and president obama met for the second time this week. both parties are trying to avoid the fiscal cliff. the men had a frank discussion and the lines of communication remain open, although no specific details were released. the meeting came after frustration in washington. this was house speaker boehner earlier in the day. >> republicans want
on cnbc. i'm andrew ross sorkin along with joe kernen. becky quick is off today. our best host this hour, alexander ladenthal. we have a lot to cover with her this morning. here we are, christmas eve. it's a shortened trading session for christmas eve. u.s. equity markets will close at 1:00 p.m. eastern time. bond currency and commodity trading they're going to end early. in japan, indonesia, the philippines, they were all closed in europe. only the uk, french, dutch and spanish stock markets are open and they're going to be closing early. there are now only five trading sessions left in 2012. get your act together. stocks and bonds, solid gains so far this year. the dow has advanced 8% in total. the s&p 500 up almost 14%. the nasdaq has jumped 16%. it's been a good year. the end of the year also means we are just days away from the fiscal cliff, however, and that's the bad news. and looming tax hikes, spending cuts, all of that. both sides warning a very big deal becoming a bit more unlikely. >> and my one bit of advice to speaker boehner is this. you cannot pass a bill with just republ
people. 10,000 bucks? >> becky, becky. >> today has been awesome, girl. >> i made a lot of money. >> what a snob. >> let me leave you with this -- i believe these words came from the pokemon movie. >> laugh if you will, but early versions of the gettysburg address also name checked pokemon. before we move to the general election, we should check in with the tanning mom. >> i mean, that's not normal. >> #jerseypride. on to the presidential campaign. before we do that, do we have that chinese lady vanishing into a sidewalk? there she is. one more and i swear we'll move on. can i please get the guy who turned his deceased stuffed cat into a remote-control aircraft? against the backdrop of that controversial dead cat drone program, president obama sought re-election in a campaign where we finally got the sophisticated adult political debate we've longed for. >> it would be obama-alamy. >> it's called romnesia. >> i love big bird. >> thank goodness somebody is finally getting tough on big bird. >> it was an epic battle of the world views. president obama launch 1,000 republican campaign poster
with joe kernen and becky quick is off today. our guest host this hour, ed kehone. he's the management associate portfolio manager and we are thrilled to have ed aboard for -- i think you'll be here for longer than an hour. you'll be here for the whole broadcast. >> as long as you need me. >> you're like -- how long were you at -- you were at prudential. >> it's owned by prudential, so i've been at peru don'tal for almost 15 years now. >> widely quoted. you know who has made a comeback is ralph -- >> akampora. >> i've seen him around. do you remember his nickname? >> i don't. >> whatever you think of him, he's a great guy. >> he's a good guy. >> ed is going to try to make us slightly -- >> be a little sensitive. let's get you some some of the morning headlines. the biggest one being president obama planning to meet with congressional leaders at 3:00 p.m. eastern time today in a last ditch effort to avoid the fiscal cliff. the house majority leader eric cantor is now telling members to be prepared to work through january 2nd. both sides still far apart, however, on taxes and spending cu
on cnbc. i've been here 100 years. becky is off, andrew association inwill report -- andrew sorkin will report coming up. a heck of -- >> no 13th month. did someone not think that through or something? >> you're right. we'll never see it again is what you're saying. maybe 1,000 years? >> i need to think about it. i need to think about it. i need to think about it. depends on who wrote it. if it was contino it's probably wrong. >> poor ross. >>> all right. power players coming up. >> no 13th month? >> in the world of investing. carlisle's david rubenstein, steve shoresman blackstone, venture capital's marc andreesson, and jamie dimon. look at that -- >> in addition we have jerry webb. make us all -- the rest of us feel -- >> we have one -- >> you're an economist or something? you play on to have -- you can think about the 12-12-12 thing in the meantime because you're good at math. >> yeah. all that stuff. >> all right. >>> as we move closer to the edge of the fiscal cliff, every move is being magnified by the markets. president obama and house speaker john boehner spoke by phone on
and welcome back to south carolina here on cnbc. i'm andrew ross sorkin along with joe kernen. becky is off today. dino kosof, he's going to have a lot to talk about when it comes to what mr. bernanke just said. later in the program, we'll talk to pimco's kneneal ashkari. >>> a surprise from ben bernanke, linking unemployment to monetary policy. rates will be staying where they are right now, which is close to zero, of course. until at the very least the jobless rate falls to 6.5%. we can only cross our fingers wherefore when that might be. ben bernanke says these changes will make the central bank more transparent adding they can only help the markets. the central bank ramped up its asset purchase program adding $40 billion to its $40 billion a month purchases of mortgage-backed bonds. he spoke about the objectives during wednesday's news conference. >> the asset purchases and the rate increases have different objectives. the asset purchases are about creating near term momentum in the economy, trying to strengthen growth and job creation in the near term. and the increases in the federal
3:00 and 5:00 a.m. and becky says keep your eyes peeled for electronics. the prices may not come down. but there's incentives with your purchase, like gift cards. >> thank you, rachel. lots of good tips in there. >>> another pressing question this morning. with all of the bad weather and the crush of last-minute shoppers, will your gift be delivered on time? john schriffen is on that angle from a fedex location in newark, new jersey. john, good morning to you, sir. >> reporter: dan, good morning. a lot of activity this morning. this is fedex's third-largest hub in the country. and a plane just dropped off a shipment. workers are sorting it out right now. we're starting to see an increase in online shopping, fedex expects to set a record number for packages they handle this holiday season. these employees are working overtime and around the clock, to make sure your package is delivered on time. with three days until christmas, santa's little helpers are hard at work. >> i know him. >> reporter: not those helpers. these helpers. delivery companies like u.p.s. and fedex are scrambli
to "squawk on the street" on cnbc, i'm here with joe kernen, becky quick is enjoying time off today. our guest host, contributor dan greenhouse, a chief global strategist with btig. he's going to be with us throughout the program. and merry christmas. and -- >> same you to, as well, sir. and other holiday greetings. >> we don't pay you a lot for cnbc contributor, do we -- did we order you to be here? >> i'm contracturally obligated to not specify anything. >> not specify anything? here at 5:30 and all the way to 9:00. >> i knew that there would be trouble this morning. i got myself seated -- >> good. we'll squeeze you for everything you're worth. we needed a big name. >> big name. we got one. >> it day after -- for december 26. >> you're too kind. >> then here you are. >> here he is. >> what did you get? anything good? >> i have -- >> switch, lump of coal? >> he's a hanukkah guy. >> a lump of coal -- yes, but a lump of coal at some point probably worth something. tet rate we're going. >> that's right. you're -- no tree? >> i want a tree, my wife says they're too messy. >> the trees are m
the world's greatest living explorer is about to cross antarctica on food. becky anderson spoke with him and i asked her about the conditions he faces. >> he is already considered the world's greatest living explorer. this 68-year-old british pioneer has today marked the start of the coldest journey on earth. that is crossing the ant ark arctic on food in winter. we are talking at 2,000 miles in almost complete darkness in temperatures that plunge to minus 90 degrees celsius. as he told me, if anyone on his team gets injured, they are on their own. >> if we run into problems like that, there is no help. all the rescue facilities shut off. that's why every government, the americans, the germans, have rules you do not let civilians go down there in winter because if something happens, they will become an embarrassment to their government. >> well, after four years, he managed to get permission and his ship is on its way. he told me there's just one thing he's looking forward to before he sets off and that is a long, hot, soapy bath. it will be his last for six months. >> wow, that is prett
, bridget lancaster, becky hays, with adam ried in the equipment corner and jack bishop in the tasting lab. discover the secrets of america's foremost food testers and tasters, today on america's test kitchen. today on america's test kitchen, bridget reveals the secrets to making the ultimate beef kebabs. next, jack challenges chris to a tasting of greek yogurt. finally brian uncovers the test kitchen secrets for perfect spanakopita.
, libya. >> come on, man. >> becky-stan. >> do you think reverend wright is off limits in this campaign? >> it's called romnesia. >> worst republican to put up against barack obama. >> i'm not concerned about the very poor. >> oops. >> i can't be perfect. >> we don't need a ma'amby pamby leader. >> pumping a little iron. >> i got bit by a penguin. >> those small animals can be fer row shis. >> the naacp invites me, i'll go to their convention. >> i prepared a small chart here. >> arithmetic. >> it would take me too long to go through the math. >> stupid people are ruining america. "america". >> what a snob. >> sauce for the goose is sauce for the gander. >> sometimes the best is not the greatest, but it's the best. >> okay. >> i'm not going to shut up. it's my turn. >> start packing. >> what would you like to say to mr. romney? >> good luck tonight. really. >> it was not a spontaneous demonstration? >> please proceed. can you say that a little louder, candy? >> he did call it an act of terror. >> it's our turn now. >> president obama has been re-elected for a second term. >> i just call
some folks lose their mipds. >> when is the next election, becky? >> four years. >> why does he need to pump up his base and go on the road? >> go to charlotte and say, fairness and then they run to try to beat the tax man, which is -- he is doing his job as a corporate executive. >> shame on them. i can't even talk about it anymore. >> joining our panel is msnbc contributor, ari melber. an author of the report about how the campaign tried to turn its grass roots network into a governing force in the president's first term. nice to have you with us. >> despite the drama that it is causing, the president is going directly to the folks. this is something they were criticized on between '08 and 2012. what's it going to look like now? is the president going to be able to use enter base? i think it depends on what they ask them to do. the report that i wrote interviewed dozens of ofa activists, talked to campaign staff and people on capitol hill in both parties. what i found was that they became basically a single issue group around health care, which was exciting to many people, a promis
some great deals out there. and abc's becky worley tells us where to find the very best ones. >> reporter: be it a big box, a local boutique, or the good, old mall. you may not find a parking spot this weekend. but you're sure to find some delicious deals. why? well, consumers have waited longer than usual to wrap up their shopping. so, retailers are ready to slash prices. big, across-the-board discounts are coming. let's start with clothes. aeropostale, a staple for the teen set, has 60% off everything. american eagle and banana republic has slashed 40% off of their entire store. kmart has 50% off all jammies and robes. from cozy and warm, let's move over to hot gifts. at toys "r" us, they're offering a buy one get one 30% off deal on video games. for the dudes and the handy ladies, sears has $90 off one of their most popular tool sets. lowe's has 20% off vacuums and small appliances, including the ever-coveted kitchenaid mixer. ooh, i want that. now, a big trend i'm seeing is bundling. like this single-serve coffeemaker for $149, bundled with a $30 gift card from target. di
, though. our tech guru, becky worley is here, with great tips. >> thank you. >> great to have you in person. usually see you by skype. >> in my kitchen. but i'm here to help you with all of the gadgets you received as gifts. >> one of the biggest gifts of the year, ipads, iphones. let's start with them. how do we protect them? >> this is the time. you got your great gadget. if you're in love with it, take care of your little baby, okay? what you're trying to avoid is turning this into this. ooh. we do not want the cracked screen. >> it is like one fall and it can happen. >> absolutely. and especially when teens are getting these gifts. the thing you'll notice is a lot of people say, put a case on it right away. this thing is like a tank. putting this in your pocket is a serious endeavor. there are some with a little more silicone with rounded corners. those seem to do the best job protecting you. i do a lot of drop testing, intentionally and unintentionally. and what really makes a difference is a screen protector. when you put one of these on your phone, it really helps to protec
late for free shipping that's guaranteed to make it in time for christmas. but our becky worley did a little research. and has some tips where you can still find rush shipping for free. >> i'm kind of sensing panic here. >> i'm panicked. >> fear not. we're going to hook you up with free shipping, right now. >> okay. >> reporter: you have way too many things to get done between now and -- christmas. send it. you missed the free shipping deadline for most online retailers. but good news. i have some sneaky ways around that. and i'm going to hook you up. >> reporter: first, a bunch of big online sites still have expedited free shipping. overstock, macmall, macy's. now, let's talk about amazon. they have limited products eligible for free one-day shipping. watches, jewelry, clothes and some electronics. if you want something that's not on that list, there's always amazon prime. this is the $79 a year subscription that gets you free two-day shipping. do you have a family member that already belongs to prime? they can nominate up to four people for the same free two-day shopping benefits.
, people. can we get to the piece? becky worley. >> reporter: getting lost in a good movie is one of life's great pleasures. there's some secrets about this place that you should really know. first, your tickets. if you want to save money, buy them at a savings club like sam's or costco or aaa. it can save you 25% or more. matinees are always cheaper. and find a late-run theater. if there's a long line at the box office, bust out your smartphone. apps from the movie chain or fandango let you buy tickets on your phone. the next is not really a secret. but let's put it into numbers. when they put a movie starts at 7:00, that usually means 7:10 or later. those ads they show, they're a huge profit source for theaters. and the concession stand holds some major secrets. first, the theater makes 40% or more of revenue off the food and drinks it sells. they're using all the tricks they can to get you to buy. the smell of popcorn. that smell is from coconut oil used in the popper and a flavoring concoction. what's the best seat in the house? audio technicians check the sound about two-thirds of th
is from michigan on the democratic line, becky. caller: i'm beginning i should think i ought to quit listening to c-span because i learn something new every day and my head is getting so full of stuff. host: we're glad you are learning something. we don't want your head to explode. caller: on this housing thing, i wonder if your guest -- if i could ask him a question on doing the re-- you know the government has made some of the banks change our loans. for instance, my husband lost his 30-year job and the only other job he could get was minimum wage, which was one- third of his previous income. and we still kept up with our house pavements, believe it or not, but we spent $20 short for two months in a row and we have threatened to take the house. so we have filled out all this have them read do it. they said we qualified and sent us all this paperwork and everything. then we get this guy's name that we are supposed to go through. if we have any problems. everything was fine for about a month. and then they started calling again. come to find out, this is chase bank, and there's three
one of those. i thought becky was going to be here. i got becky, because she's kind of a jersey girl. i got this for all my guys in the company. the guy who runs my d.c. office, dan clifton. this is fiscal clifton world tour. and all the places where he was, various and sundry places -- >> who is that band? >> this is k.i.s.s. and my partner -- >> we've got to go. jason, thank you for all of this. we appreciate it very much. join us on wednesday. happy holidays. "squawk on the street" starts right now. >> can't wait to see what jason got us here. welcome to "squawk on the street" on this final trading day before christmas. i'm carl, with melissa lee, david faber at the nyse. the new york stock exchange and nasdaq closing at 1:00 p.m. eastern time. the futures, a little bit of weakness here which we'll talk about in a minute, after it comes after a pretty bad day on friday. the european markets closed for the christmas eve holidays. london, paris, spain have each completed shortened sessions in light of the christmas holiday as well. the friday sell-off, only five trading days are lef
choosy moms and dads choose jif. mom, pop it. ♪ two inches apart, becky. two inches. t-minus nine minutes. [ ding ] [ female announcer ] pillsbury cinnamon rolls. let the making begin. ♪ ♪ yer always after me lucky charms! whoa. i forgot how good these taste! [ lucky ] ♪ they're magically delicious not just the ones you can find on a map. but the ones you can find in your heart. because inspiration doesn't favor those who sit still. it dances with the daring and rewards the courageous with ideas. ideas that inspire. ideas that take you places you never imagined. ideas big enough to make the heart skip a beat and, in some cases, maybe two. toyota. let's go places. at the year in music. editorial director of billboard magazine is here with a preview of its year in music edition. you're killing that sweater right now. handsome sweater. >> thank you so much. i had a little wardrobe mishap this morning. >> i hadn't heard. >> you guys covered it all for me. but thanks for bringing it right to the sweater. >> drum roll, please. >> it's adele. she has been artist year now two years in a row
thank you to everybody for a wonderful year. i know some people will be away next week, including becky. but we'll be together this is the best. you'll love this stuff, if you remember last year. you give bottles of this away and you make friends, i promise you. >> barry, your thought on what we do here for the market? >> first of all, broadly, i think the market has had -- and will continue to have a really difficult time assessing public policy risks. my first 24 years in the business, the only focus that you have was on the fed. and so we're just in the wrong spot. >> happy holidays to everybody. squawk is like a cocktail party in the morning. so thank you, guys. appreciate it. >> happy holidays, everybody. time for "squawk on the street." >>> good friday morning. welcome to "squawk on the street." i'm melissa lee, along with carl cramer and david faber. this could be a very big day in the markets. the day after the attempt to pass plan b in the house has failed. we saw the futures down as much as 200 points. right now we're down 162 on the dow. the s&p looking to lose about 19 at th
there is going to start at 10:00 a.m. eastern time. futures are showing some resilience as becky said, despite no deal yet in congress. but remember, the sell-off on friday and friday night was pretty severe. the dow is set to open below 13,000. markets in europe mixed after a shortened session in the uk, france and spain. our road map starts right where we were months ago, waiting for the 112th congress to agree on a debt reduction package. the senate convenes at 11:00 a.m. >> the dow had its worst day in a month on friday. set to close december with a loss. the question is, does it continue to sell off if there isn't an accord in congress. >> we will always have china. manufacturing pmi data from last night is the best in 21 months. can we finally say the chinese economy has been stabilized. >> but of course, we start in washington. as you know, congress comes back today. the house gaveling into session now with legislative business starting at 10:00 a.m. the senate returns at 11:00 a.m. eastern. there are only a few hours left to get a deal done. eamon? >> you're already hearing people talk
of the problem than the problem itself. host: next caller is from michigan on the democratic line, becky. caller: i'm beginning i should think i ought to quit listening to c-span because i learn something new every day and my head is getting so full of stuff. host: we're glad you are learning something. we don't want your head to explode. caller: on this housing thing, i wonder if your guest -- if i could ask him a question on doing the re-- you know the government has made some of the banks change our loans. for instance, my husband lost his 30-year job and the only other job he could get was minimum wage, which was one-third of his previous income. and we still kept up with our house pavements, believe it or not, but we spent $20 short for two months in a row and we have threatened to take the house. so we have filled out all this stuff to have them read do it. they said we qualified and sent us all this paperwork and everything. then we get this guy's name that we are supposed to go through, if we have any problems. everything was fine for about a month. and then they started calling again. c
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